Despite healthy crop condition scores, prices rallied Monday over concerns about hot conditions moving into much of the country later in June.
Corn conditions improved to 75% good-excellent vs. 72% in the initial report of the year last week and 74% last year. Corn planting is virtually complete at 98% done. Corn emergence is at 90% vs. 89% last year and 86% on average.
The initial soybean condition report of the year was also very healthy at 72% good-excellent vs. 69% last year at this time. Soybean planting is 83% complete vs. 77% last year and 77% on average.
| Conditions (Good + Excellent) | |
| Corn Conditions | G/E: 75% TW vs. 72% LW, 74% LY |
| Soybean Conditions | G/E: 72% TW vs. NA LW, 69% LY |
| Winter Wheat Conditions | G/E: 62% TW vs. 63% LW, 43% LY |
| Spring Wheat Conditions | G/E: 79% TW vs. 79% LW, 69% LY |
| Crop Progress Summary | |
| Corn Planted | 98% TW vs. 94% LW, 99% LY, 97% AVG |
| Corn Emerged | 90% TW vs. 78% LW, 89% LY, 86% AVG |
| Soybean Planted | 83% TW vs. 73% LW, 77% LY, 77% AVG |
| Soybean Emerged | 65% TW vs. 45% LW, 60% LY, 57% AVG |
| Milo Planted | 58% TW vs. 44% LW, 52% LY, 62% AVG |
| Winter Wheat Headed | 91% TW vs. 84% LW, 89% LY, 83% AVG |
| Winter Wheat Harvested | 2% TW vs. (NA)% LW, 3% LY, 10% AVG |
| Spring Wheat Emerged | 96% TW vs. 88% LW, 95% LY, 78% AVG |
Read the complete NASS report here
Graphics courtesy of Advance Trading Inc.
